North America Agriculture Variable Rate Technology Market developments, countries, companies and forecast 2027

 

Automation has evolved in North America as a result of technological advances in the oil and gas, industrial, aerospace, and food industries. The North American process automation market was valued at USD 35.23 billion in 2020 and is expected to grow at an 8.3 percent CAGR during the forecast period.

North America Agriculture Variable Rate Technology Market Report Scope and Research Methodology

The aim of the North America Agriculture Variable Rate Technology Market report is to provide the current and future market scenario. demand, income generation and sales and revenue have been provided in the North America Agriculture Variable Rate Technology market report. The division of the market into various segments and sub-segments helps clients to know about different growth components that are likely to be similar across the North America Agriculture Variable Rate Technology industry. The top players in the North America Agriculture Variable Rate Technology industry including market leaders, new entrants and followers are also included in the report. The North America Agriculture Variable Rate Technology market study provides unique guidance in thoughtful details regarding the development factors and has used a top-down and bottom-up approach to keep it error-free and accurate. SMR's North America Agriculture Variable Rate Technology market report is the result of a study that used various methodologies such as the PESTLE, PORTER, and SWOT analysis. The use of these methodologies provides the knowledge of strengths and weaknesses along with the macro and micro economic factors in the North America Agriculture Variable Rate Technology market.

North America Agriculture Variable Rate Technology Market Report Overview:

The report provides insights about North America Agriculture Variable Rate Technology Market key players along with a thorough analysis of their growth strategies, financial information and capacity, geographical presence, and product portfolio. The report provides fundamental dynamics of the North America Agriculture Variable Rate Technology market, including drivers, opportunities, challenges and restraints faced by the market.

North America Agriculture Variable Rate Technology Market Size was valued at USD 2.93 billion and was expected to grow at a CAGR of 11.83% during the forecasting period (2022-2027)

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North America Agriculture Variable Rate Technology Market Dynamics:

The vertical farming market in the United States is expected to grow as a result of rising population, loss of arable land, environmental sustainability, lower labor costs, better year-round yield, and green crop tracking and harvesting. The growing demand for sustainable farming to reduce environmental impact will drive the growth of the US vertical farming market. The need for sustainable agricultural practices in the US market will be driven by the exponential scale of pollution and production intensification, which has a significant impact on the planet's resources. Inefficiencies in the supply chain amplify the impact of shortages and have a negative impact on the market's harvesting, processing, and transportation processes.

North America Agriculture Variable Rate Technology Market Segmentation:

This report divides the NorthAmerica Agriculture Variable Rate Technology market by product type, application, Services, Crop Type, farm type, and geographical region. Soil Sensing, Fertilizer VRT, Crop Protection Chemical VRT, Seeding VRT, Yield Monitoring, Irrigation VRT, and Others are the product types in the Agriculture Variable Rate Technology market.

VRS (variable-rate seeding) is an intelligent agriculture method that allows the seeding rate to be adjusted in response to changes in soil quality, geography, climatic conditions, and other factors. VRS improves the use of variable soil nutrient and water storage capacity characteristics while also lowering seed consumption and increasing crop yields. VRS is a method of tying seed quantity to a specific location, which results in increased crop yields and revenues.

VRT is the only precision technology that is commonly used in conjunction with others. VRT is seen to be complementary to mapping when used with different mapping methods and may result in varying cost savings. Farmers can program VRT-capable agricultural input application equipment, for example, using yield maps or soil maps to apply different levels of inputs, including seeds, at different rates within a field.

Corn producers who used yield mapping alone or in conjunction with VRT saved the most money (approximately $25 per acre) of all precision agriculture technology users. As a result, cereals and grains are expected to dominate the crop type segment over the forecast period. Yield monitors record data on growing conditions as reflected in yields throughout the year, and yield variability across a farmer's field provides a wealth of information on the effectiveness of current methods. Because each data point on a soil map necessitates a unique geo-located soil test, farmers using GPS soil mapping saved more than $13 per acre, which is less than half the cost of yield mapping.

North America Agriculture Variable Rate Technology Market Key Players:
A.G. Leader Technology (U.S.)
AGCO Corporation (U.S.)
Deere & Company (U.S.)
Lindsay Corporation (U.S.)
Teejet Technologies (US)
The Climate Corporation (U.S.)
Trimble, Inc (U.S.)
Valmont Industries, Inc (U.S.)

Key Questions answered in the North America Agriculture Variable Rate Technology Market Report are:

  • What is North America Agriculture Variable Rate Technology Market?
  • Who are the top North America Agriculture Variable Rate Technology Market players?
  • What was the North America Agriculture Variable Rate Technology Market size in 2021?
  • What is the expected North America Agriculture Variable Rate Technology Market size by 2029?
  • What will be the CAGR of the North America Agriculture Variable Rate Technology market during the forecast period?
  • Which region held the largest market share in the North America Agriculture Variable Rate Technology Market?
  • Which regional North America Agriculture Variable Rate Technology market is expected to grow at a high rate during the forecast period?

Key offerings:

  • Past Market Size and Competitive Landscape (2018 to 2021)
  • Past Pricing and price curve by region (2018 to 2021)
  • Market Size, Share, Size & Forecast by different segment | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
  • Market Segmentation – A detailed analysis of segments and sub-segments
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

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About Stellar Market Research

Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.

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